Discounted FCF large caps
Query: US large-cap stocks more than 25% below their 52-week high with positive free cash flow and revenue growth, sorted by forward P/E · data as of 2026-10-16
Screened stocks only: 45 large caps (>= $10B) at least 25% below their 52-week high with positive free cash flow, positive revenue growth YoY and a positive forward P/E, ranked lowest forward P/E first (TPL, FIS, MU, FISV, SMCI... up to CLX), with P/E (TTM), 1M/6M returns and distance from the 150-day SMA for context plus per-row insight comments.
Large caps (>= $10B) trading at least 25% below their 52-week high while still generating positive free cash flow and growing revenue — a valuation reset paired with intact fundamentals. Sorted by lowest forward P/E first; negative or missing forward estimates are excluded.
Deep-Drawdown Large Caps With Positive FCF & Growth
| Symbol | Name | Sector | Industry | Market Cap | % From 52W High | Free Cash Flow | Revenue Growth (YoY) | Forward P/E | P/E (TTM) | 1M Return | 6M Return | % Above 150D SMA | Comments |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| TPL | Texas Pacific Land Corporation | Energy | Oil & Gas E&P | 2.42e+10 | -34.99% | 5.269e+08 | 13.09% | 4.8 | 44.65 | 1.07% | -16.70% | -11.69% | Royalty-style land and water interests in the Permian with no drilling capex; the earnings multiple looks disconnected from the cash multiple because of non-cash land-sale gains. Setup hinges on Permian water handling volumes, a second, higher-margin growth leg than the legacy royalty book. |
| FIS | Fidelity National Information S | Information Technology | Information Technology Services | 1.857e+10 | -47.00% | 4.181e+09 | 5.43% | 5.38 | 5.53 | -1.15% | -24.04% | -12.60% | Merchant acquirer/processing incumbent that has been de-rated on stagnant organic growth and AI-era disruption fears. The bull case is that recurring, contract-based revenue and heavy buyback capacity make it a classic private-equity-style cash compounder once growth stabilizes. |
| MU | Micron Technology, Inc. | Information Technology | Semiconductors | 9.943e+11 | -27.58% | 1.668e+09 | 48.85% | 5.68 | 19.87 | -10.08% | 93.18% | 6.19% | Memory is the most violently cyclical link in the AI supply chain — the drawdown reflects fears the HBM/DRAM upcycle peaks before supply catches up. Contract pricing and HBM allocation, not valuation, drive the stock; the fwd multiple stays optically low precisely because consensus assumes a cycle top. |
| FISV | Fiserv, Inc. | Financials | Financial Data Processing | 2.529e+10 | -62.42% | 4.299e+09 | 3.60% | 5.82 | 9.11 | -3.55% | -25.67% | -10.50% | Deepest drawdown in the list: merchant payments/Clover growth scare plus integration and disclosure concerns. Clover's SMB take-rate and the pace of deleveraging are the swing factors — a turnaround here is a multi-year re-rating, not a quarter. |
| SMCI | Super Micro Computer, Inc. | Information Technology | Computer Hardware | 2.078e+10 | -42.53% | 1.532e+09 | 46.59% | 5.94 | 9.7 | -21.61% | 10.75% | -3.86% | AI server assembler with thin gross margins and a history of accounting overhang; earnings quality and working-capital swings make the low forward multiple unreliable. Watch customer concentration and whether GPU allocation volumes hold. |
| VALE | VALE S.A. | Materials | Other Industrial Metals & Mining | 5.558e+10 | -26.71% | 8.719e+09 | 0.91% | 6.49 | 26.12 | -9.74% | -24.45% | -12.47% | Iron ore proxy with Brazilian political/FX and Chinese steel-demand sensitivity plus a heavy dividend. The low multiple is a commodity-cycle discount, not a mispricing of idiosyncratic risk; Chinese stimulus headlines are the main catalyst. |
| PDD | PDD Holdings Inc. | Consumer Discretionary | Internet Retail | 1.153e+11 | -41.38% | 1.529e+10 | 14.45% | 6.61 | 8.47 | 4.17% | -22.73% | -8.47% | Temu parent carrying a China-ADR discount and geopolitical/tariff risk; domestic PDD remains highly cash generative. The valuation gap versus global e-commerce peers persists until de minimis/trade policy and ADR-delisting fears clear. |
| FNF | Fidelity National Financial, In | Financials | Insurance - Specialty | 1.074e+10 | -30.48% | 5.618e+09 | 5.58% | 6.92 | 13.95 | -7.01% | -17.55% | -13.70% | Title insurance earnings are levered to mortgage volumes and investment income; a rate-driven housing thaw would swing earnings sharply. Also the parent of FIS, so the stub carries a sum-of-the-parts angle. |
| GFI | Gold Fields Limited | Materials | Gold | 3.35e+10 | -38.87% | 1.455e+08 | 15.57% | 7 | 9.54 | -13.24% | -23.03% | -4.90% | South African gold miner with a partially fixed cost base — margins explode with the gold price, so the drawdown is a gold-price pullback, not a company-specific break. Country risk (power, labor, SA rand) persists. |
| AA | Alcoa Corporation | Materials | Aluminum | 1.094e+10 | -50.53% | 5.67e+08 | 7.87% | 7.15 | 8.62 | -11.75% | -36.61% | -26.15% | Pure-play aluminum with hydro-powered smelting and a wild tariff/power-price sensitivity; earnings swing hard with LME aluminum and alumina spreads. Positioned as a Western supply-chain beneficiary but chronically capital-intensive. |
| FSLR | First Solar, Inc. | Information Technology | Solar | 1.855e+10 | -45.75% | 1.187e+09 | 24.09% | 7.48 | 17.63 | -14.18% | -9.35% | -20.41% | US-made thin-film solar with a book of contracted utility-scale projects — the policy-driven selloff in solar hits it harder than its fundamentals warrant while domestic content credits remain intact. Watch booking activity and any change to 45X manufacturing credits. |
| SNAP | Snap Inc. | Communication Services | Internet Content & Information | 1.037e+10 | -32.56% | 4.372e+08 | 10.63% | 7.9 | — | 8.50% | 1.66% | 15.67% | Ad platform with structurally challenged user monetization and no TTM earnings; the forward multiple rests on speculative margin expansion. Speculative-beta name that suffers most in a de-risking tape. |
| LUV | Southwest Airlines Company | Industrials | Airlines | 1.932e+10 | -27.92% | 3.95e+08 | 2.11% | 8.02 | 24.69 | -2.08% | -6.66% | -6.58% | Domestic-only airline undergoing a board/strategy reset (assigned seating, bag fees, fleet changes) to repair unit revenue. Cheap on forward earnings but exposed to fuel and labor costs and any recession-driven travel weakness. |
| LULU | lululemon athletica inc. | Consumer Discretionary | Apparel Retail | 1.125e+10 | -55.02% | 9.217e+08 | 4.86% | 8.63 | 7.86 | -2.30% | -41.95% | -21.61% | Premium athletic apparel whose product cycle went stale in leggings and outerwear; the fix is design-led, which takes multiple seasons. Deep discount reflects doubts about brand heat in the US and margin defense amid tariffs. |
| DKS | Dick's Sporting Goods Inc | Consumer Discretionary | Specialty Retail | 1.422e+10 | -39.65% | 4.002e+08 | 28.06% | 8.83 | 14.06 | 16.49% | -34.69% | -24.29% | Sporting goods retailer with strong comps helped by footwear/athletic cycles and improved merchandising; the drawdown is sentiment after a huge run and tariff-related cost worries rather than demand. Housing-adjacent categories remain the soft spot. |
| ADBE | Adobe Inc. | Information Technology | Software - Application | 9.543e+10 | -31.87% | 9.852e+09 | 10.53% | 8.92 | 14.04 | -2.96% | 0.31% | 0.70% | Creative software franchise being repriced for AI disintermediation risk and slowing net-new ARR. Strong cash generation and buybacks cushion the downside; the debate is whether Firefly monetization offsets seat-based pressure. |
| OWL | Blue Owl Capital Inc. | Financials | Asset Management | 1.387e+10 | -48.46% | 1.198e+09 | 25.04% | 8.95 | 73.75 | -11.14% | -6.27% | -8.57% | Alternative asset manager tied to the private-credit bid; the drawdown mirrors fears about credit quality and fee-related earnings if fundraising slows. Highly sensitive to the cost of capital rather than to equity beta. |
| PINS | Pinterest, Inc. | Communication Services | Internet Content & Information | 1.241e+10 | -37.83% | 1.252e+09 | 15.79% | 9.12 | 64.44 | 19.66% | 8.90% | 5.37% | Visual discovery platform with improving ad monetization via third-party demand and shoppable formats; the drawdown is a growth-multiple de-rating. Q4 ad budgets and international monetization are the swing factors. |
| NRG | NRG Energy, Inc. | Utilities | Utilities - Independent Power Producers | 2.181e+10 | -43.62% | 7.66e+08 | 9.18% | 9.27 | 27.02 | -2.33% | -37.73% | -20.70% | Retail power and generation supplier with data-center power demand as the upside optionality; the selloff tracks power-price sensitivity and integration of generation assets. Merchant exposure cuts both ways versus regulated peers. |
| TCOM | Trip.com Group Limited | Consumer Discretionary | Travel Services | 2.483e+10 | -49.33% | 1.945e+09 | 22.23% | 9.46 | 5.96 | -0.87% | -27.50% | -13.13% | China travel platform benefiting from outbound recovery but hostage to China consumer sentiment and ADR/macro risk; the deep discount is a country-risk premium on an otherwise asset-light, high-margin model. |
| LDOS | Leidos Holdings, Inc. | Information Technology | Information Technology Services | 1.567e+10 | -37.43% | 1.629e+09 | 3.07% | 9.77 | 11.67 | -4.67% | -18.99% | -4.09% | Government services contractor exposed to DOGE-era contract scrutiny and recompete risk; the appeal is a backlog-backed business trading near multi-year low multiples. Program awards and budget appropriations are the catalysts. |
| FLUT | Flutter Entertainment plc | Consumer Discretionary | Gambling | 1.312e+10 | -70.04% | 1.079e+09 | 16.62% | 10.02 | — | -18.27% | -31.32% | -24.03% | Largest drawdown on the list — a gambling roll-up hit by UK/regulatory tax headwinds, US promotional intensity and a listing-related de-rating. FanDuel's US profit ramp remains the long-term value lever; no TTM earnings as a plc reporter. |
| DECK | Deckers Outdoor Corporation | Consumer Discretionary | Footwear & Accessories | 1.167e+10 | -29.13% | 1.097e+09 | 9.76% | 10.25 | 12.19 | 7.53% | -23.81% | -12.09% | Hoka and Ugg owner whose growth decelerated from exceptional levels; the drawdown reflects a tough multi-year comparison and wholesale inventory reset. Newness in running and international expansion are the recovery levers. |
| WDC | Western Digital Corporation | Information Technology | Computer Hardware | 1.243e+11 | -55.51% | 1.279e+09 | 50.70% | 10.46 | 12.32 | -21.67% | -10.83% | -28.31% | HDD/storage maker riding an AI-driven nearline demand surge after the SanDisk separation; the drawdown looks like profit-taking after a parabolic run. HDD pricing power versus NAND substitution is the key debate. |
| LVS | Las Vegas Sands Corp. | Consumer Discretionary | Resorts & Casinos | 2.462e+10 | -45.30% | 1.855e+09 | 15.22% | 10.79 | 14.73 | -6.54% | -33.25% | -19.81% | Macau and Singapore casino operator whose EBITDA is levered to Chinese premium-mass travel; the drawdown prices in a soft Macau recovery and Singapore margin normalization. Dividend reinstatement is a potential re-rating trigger. |
| TMUS | T-Mobile US, Inc. | Communication Services | Telecom Services | 1.707e+11 | -30.85% | 1.8e+10 | 8.49% | 11.02 | 16.64 | -4.42% | -18.61% | -13.11% | US wireless carrier with best-in-class subscriber momentum and broadband optionality; selling off alongside defensive yield names despite steady cash flow. Fiber and spectrum spending are the capex risks to watch. |
| NBIX | Neurocrine Biosciences, Inc. | Health Care | Drug Manufacturers - Specialty & Generic | 1.379e+10 | -26.84% | 7.487e+08 | 21.45% | 11.35 | 19.87 | -10.62% | 1.85% | -10.43% | Neurology-focused biopharma (Ingrezza franchise) with strong growth but concentration risk and patent-cliff concerns; the discount reflects pipeline doubts rather than cash generation. |
| IP | International Paper Company | Consumer Discretionary | Packaging & Containers | 1.803e+10 | -30.78% | 1.164e+09 | 49.25% | 11.39 | — | -4.22% | -4.27% | -4.01% | Containerboard producer levered to pricing restarts and the DS Smith integration; the low forward multiple reflects commodity cyclicality. Capacity discipline and box shipment volumes drive the recovery. |
| STX | Seagate Technology Holdings PLC | Information Technology | Computer Hardware | 1.453e+11 | -41.59% | 8.18e+08 | 38.86% | 11.54 | 45.91 | -20.37% | 16.84% | -17.40% | HDD peer with the same AI nearline demand tailwind and HAMR technology transition; the drawdown is post-run profit-taking rather than a demand break. Leverage remains higher than Western Digital's. |
| COO | The Cooper Companies, Inc. | Health Care | Medical Instruments & Supplies | 1.102e+10 | -31.29% | 4.337e+08 | 5.06% | 11.6 | 49.1 | 7.74% | -19.09% | -12.65% | Contact lens and women's health devices maker with recurring revenue and steady growth; the selloff reflects tariff/China exposure and a rich multiple compressing, not a demand problem. Fortrea/medical device mix is the margin lever. |
| ALGN | Align Technology, Inc. | Health Care | Medical Instruments & Supplies | 1.046e+10 | -25.42% | 4.908e+08 | 0.90% | 11.74 | 25.57 | -1.60% | -22.50% | -12.14% | Clear-aligner franchise with slowing adult case volumes and China weakness; near-zero growth is why the multiple collapsed. A turnaround depends on iTero-driven case starts and new product cycles. |
| INTU | Intuit Inc. | Information Technology | Software - Application | 8.689e+10 | -52.42% | 6.123e+09 | 15.63% | 11.92 | 19.83 | 4.32% | -16.56% | -2.93% | Small-business accounting franchise punished on AI-agent disruption fears for its tax/books moat; low guidance visibility for the new fiscal year added pressure. The product-led AI transition is existential for the multiple, not the cash flow. |
| ZTS | Zoetis Inc. | Health Care | Drug Manufacturers - Specialty & Generic | 3.28e+10 | -46.19% | 2.283e+09 | 2.28% | 11.94 | 12.95 | 8.71% | -34.40% | -7.24% | Animal-health leader hit by US vet-clinic softness, pet-owner spending caution and competition in pain/parasite products; the selloff looks disproportionate to a duopoly-like franchise with pricing power. |
| CHKP | Check Point Software Technologi | Information Technology | Software - Infrastructure | 1.408e+10 | -32.55% | 1.173e+09 | 6.25% | 12.2 | 14.14 | 1.20% | 1.06% | 3.72% | Security software vendor with a subscription model and strong margins; the discount reflects low growth and Israel-region risk rather than business quality. Cash return policy is supportive. |
| AKAM | Akamai Technologies, Inc. | Information Technology | Software - Infrastructure | 1.262e+10 | -45.51% | 1.011e+09 | 5.44% | 12.26 | 31.82 | -18.00% | -8.43% | -25.15% | CDN/edge compute business pivoting toward cloud security and delivery; the drawdown reflects margin pressure from compute capex and slow CDN growth. Take-private speculation has added volatility. |
| MKSI | MKS Inc. | Information Technology | Scientific & Technical Instruments | 1.453e+10 | -51.70% | 4.97e+08 | 9.62% | 12.27 | 34.21 | -10.57% | -22.76% | -26.94% | Semiconductor equipment and photonics supplier levered to advanced packaging and AI tooling demand; the selloff is cycle-fear rather than order-book weakness. Highly cyclical and acquisition-heavy. |
| AMRZ | Amrize Ltd | Materials | Building Materials | 2.068e+10 | -42.58% | 1.42e+09 | 0.95% | 12.45 | 16.96 | -0.97% | -36.14% | -23.02% | North American building materials spin-off exposed to residential and infrastructure construction; the drawdown mirrors housing softness and post-spin selling. Infrastructure spending is the medium-term offset. |
| CRH | CRH PLC | Materials | Building Materials | 5.564e+10 | -36.34% | 2.912e+09 | 5.27% | 12.64 | 14.78 | -3.54% | -28.00% | -16.99% | Aggregates-led building materials with pricing power in a structurally supply-constrained industry; the multiple compression is macro-driven, with US infrastructure demand as the offset. |
| APP | Applovin Corporation | Communication Services | Advertising Agencies | 8.94e+10 | -63.72% | 3.966e+09 | 69.99% | 12.67 | 20.47 | -17.25% | -44.23% | -35.51% | Mobile ad-tech platform whose growth is exceptional but whose multiple imploded on ad-market fears and platform/data-privacy risk. Extreme dispersion between revenue growth and stock behavior — a high-beta AI-advertising bet. |
| FLEX | Flex Ltd. | Information Technology | Electronic Components | 3.342e+10 | -44.18% | 1.052e+09 | 8.14% | 12.72 | 35.06 | -17.02% | 10.55% | -21.19% | Contract manufacturer with AI/data-center power and cloud hardware exposure; margin structure is thin but improving. Cheap on forward earnings because of cyclical pessimism around its largest customers. |
| BSX | Boston Scientific Corporation | Health Care | Medical Devices | 6.433e+10 | -57.72% | 3.658e+09 | 19.87% | 12.91 | 17.97 | 1.93% | -30.89% | -13.18% | Medical device leader (electrophysiology, watchman) with durable growth; the drawdown reflects a broad healthcare de-rating and tariff/input-cost worries rather than procedure volume weakness. One of the higher-quality franchises in the screen. |
| HII | Huntington Ingalls Industries, | Industrials | Aerospace & Defense | 1.072e+10 | -40.05% | 7.94e+08 | 8.23% | 13.05 | 16.19 | -1.85% | -30.49% | -13.44% | Only US nuclear carrier builder — a scarcity asset with multi-year backlog, but cost overruns, labor shortages and program execution keep the multiple low. Navy budget decisions are the key catalyst. |
| BKNG | Booking Holdings Inc. Common St | Consumer Discretionary | Travel Services | 1.228e+11 | -25.60% | 9.087e+09 | 13.39% | 13.21 | 18.16 | -4.15% | -14.45% | -7.46% | Online travel leader with the widest moat in the group (agency model, no inventory risk, huge buybacks); the drawdown prices in travel-cycle and AI-agent-disintermediation fears. |
| TPR | Tapestry, Inc. | Consumer Discretionary | Luxury Goods | 2.385e+10 | -27.07% | 1.812e+09 | 14.17% | 13.55 | 16.53 | 3.57% | -22.37% | -11.87% | Accessible luxury house (Coach, Kate Spade) executing a successful brand reset; the discount reflects tariff cost pressure and consumer caution rather than demand destruction. |
| CLX | Clorox Company (The) | Consumer Staples | Household & Personal Products | 1.053e+10 | -31.51% | 7.61e+08 | 0.16% | 13.69 | 18.11 | 2.46% | -14.69% | -8.19% | Defensive staples name with low growth near the small end of the large-cap band; the drawdown is mostly multiple compression as defensive premiums normalized. Little organic growth optionality — a bond-proxy-style holding. |
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